The stock is well placed above 20, 50, 100 and 200 key averages indicating positive momentum.

Aditya Birla Fashion and Retail, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 28327.77 Crore) operating in Retail sector.

Bajaj Auto, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 101656.64 Crore) operating in Auto sector.

Stock has broken out of a month long consolidation, making a base at 2,000 levels

Dalmia Bharat Sugar and Industries, incorporated in the year 1951, is a Small Cap company (having a market cap of Rs 2974.11 Crore) operating in Sugar sector.

Cipla, incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 88524.04 Crore) operating in Pharmaceuticals sector.

Indian Oil Corporation, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 110145.66 Crore) operating in Gas & Petroleum sector.

Housing and Urban Development Corporation, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 10990.43 Crore) operating in NBFC sector.

ICICI Direct has buy call on Garden Reach Shipbuilders & Engineers with a target price of Rs 584. The current market price of Garden Reach Shipbuilders & Engineers Ltd. is Rs 491.7.

Promoters held 24.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.05 per cent, DIIs 2.71 per cent.

Promoters held 58.89 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.97 per cent, DIIs 18.52 per cent.

The stock has seen acceleration in the primary trend once it starts trading above its mean+1* sigma levels. The brokerage believes the current up-move may extend towards Rs 790 levels.

Currently, the stock is trading above its mean+1*sigma levels where the brokerage expects it to witness fresh buying interest on dips. The brokerage expect it to cross its life-time highs.

Promoters held 42.42 per cent stake in the company as of 30-Sep-2022, while FIIs owned 19.07 per cent, DIIs 18.2 per cent.

In the recent up move, the stock moved above it after consolidation of almost two years. The brokerage expects the stock to find fresh positive momentum and lead towards its life-time highs.

The open interest in metal stocks is close to multi-year lows. Hindalco and JSW Steel have one of the lowest OI.

LTIMindtree, incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 128118.10 Crore) operating in IT Software sector.

Promoters held 46.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.1 per cent, DIIs 14.69 per cent.

Further, it has witnessed significant directional move after breaching its mean+2 sigma levels in the past. The recent up move above Rs 860 is likely to extend the positive bias in the stock.